Irish Stock Exchange sees profits go up

The Irish Stock Exchange has reported a pre-tax profit of €7.2m for 2013.

This means a 15% increase on 2012 profits (€6.3m).

The ISE revealed that revenues were 12% higher at €22.9m (2012: €20.4m), claiming the rise was driven by strong growth in Primary Markets business (in particular from listing debt securities), where revenues grew 17% to €15.4m and accounted for 67% of total ISE revenues.

Primary Markets business relates to international debt, fund and equity listings.

At the end of December 2013 the ISE had around 30,000 securities from 4,000 issuers in 78 countries listing their securities on its markets.

Traded Markets business (income from market data sales, transaction income, infrastructure and membership fees), accounted for 33% of ISE revenue in 2013.

This was an increase of 6% to €7.5m, largely due to increased revenue from ISE Xetra transaction charges, sales of equity and bond market data, and new revenue streams such as pre-LEI (Legal Entity Identifier) code issuance.